Nearly 1.5 billion USD was traded in 24 hours, the price of Pi coin rose to over 1.4 USD.

The price of Pi coin from the Pi Network project continues to rise to over 1.4 USD and in just the past 24 hours, nearly 1.5 billion USD has been traded, bringing the market capitalization of this currency to over 9 billion USD. After a slight rise the day before yesterday and yesterday morning (, from yesterday afternoon to noon today ), the price of the Pi cryptocurrency from the Pi Network project has unexpectedly risen sharply back to over 1.4 USD/Pi.

As of now, the price of Pi coin is being traded at 1.2 – 1.4 USD/Pi, with a market capitalization of over 9 billion USD, and the trading volume in the last 24 hours has reached nearly 1.5 billion USD. Currently, there are over 7 million Pi circulating in the market ( rising by more than 600,000 Pi in the past 3 months ) out of a total supply of nearly 10.9 million Pi. One of the reasons why the price of Pi is rising is due to the signs of recovery in the cryptocurrency market, especially as the price of Bitcoin has surpassed the 100 thousand USD threshold, currently trading around 103 – 105 thousand USD. In addition, in recent days, information has emerged in the Pi Network communities that the Pi Core Team will announce an important event on May 14th and the "father" of the project may appear at a major international cryptocurrency event coming up (unverified information). In the context of Pi rising in price, a Pi wallet holding 155 million of this cryptocurrency unexpectedly executed a transaction to withdraw 70 million Pi from an exchange. This creates a FOMO mentality in the community, with many people fearing to miss the investment opportunity, leading to a significant rise in the price of Pi. Although the price has risen to over 1.4 USD in the past few hours, it is still down nearly 54% compared to the peak price of 2.99 USD/Pi. This price has not yet met the expectations of those who hold this currency. The price of Pi has risen, and in the groups related to this cryptocurrency, there are many posts with a tendency to "chicken lure" to entice people to invest in Pi. These articles suggest that the price of Pi will continue to rise and those who do not buy in soon will not get a good price; Pi will be priced at up to 3.14 USD... According to an expert, who is also the director of a cryptocurrency investment fund, the emergence of many calls to invest in Pi at a time when the price is rising poses a risk of fraud. Due to the Pi Network project marketing in rural areas, many older people ( those who have little understanding of technology) are willing to argue if anyone has a contrary opinion about this cryptocurrency. Therefore, calls for the price of Pi to be between 1 - 2 USD are still considered cheap and will rise even higher, leading the community to trust and rush to buy for investment accumulation, which can easily result in a "buying at the peak" situation. Therefore, investors need to be vigilant, as the "whales" holding large amounts of Pi are ready to employ tricks to push the price and unload at any time to make a profit. For those mining Pi, according to this expert, if the price is right, one should consider selling because the actual amount of Pi unlocked to the market each month is still very large, and as the supply increases, it will be very difficult for this currency to reach the high price as expected. Not to mention that with a total supply of 100 billion, the Pi Core Team holds up to 90%, and it is still unknown when they will sell, as this team remains an unknown factor.